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there hasn't been serious cuts in defense in 30 years. the defense industry is well positioned. they have plants in something in over 300 districts. there's a lot of bipartisan defense spending. for example, the defense authorization bill that just passed yesterday in the senate gave the pentagon $17 billion more than they asked for. so to think that any industry or any taxpayer or any group of people who depend on government spending can be exempted from the serious problem that we have that's caused by this deficit is a mistake. everybody is going to have to pay for this. >> dawn, right or wrong, the defense industry has this reputation of being bloated, overcharging. are we at a point where we could afford to make cuts in defense spending to try and satisfy the needs of lowering the deficit in this country? >> you know, the real issue we've already seen through the budget control act, the defense has already witnessed significant cuts. i think when you're looking at the resolution here, resolving the negotiations so we don't go to the fiscal cliff, the real issue is everybody
there hasn't been serious cuts in defense in 30 years. the defense industry is well positioned. they have plants in something in over 300 districts. there's a lot of bipartisan defense spending. for example, the defense authorization bill that just passed yesterday in the senate gave the pentagon $17 billion more than they asked for. so to think that any industry or any taxpayer or any group of people who depend on government spending can be exempted from the serious problem that we have that's...
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Dec 5, 2012
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former deputy assistant defense secretary. rula let me begin with you. is this going to blow up into a civil war and blow up? >> no, i think it is against him grabbing power. it is a sign that he needs to back off and drop the decrees and make a constitution that is not acceptable by the egyptians. he is not governing in the name of the muslim brotherhood. he needs to listen to them. >> his recent actions suggest that the answer is no. and that is he going his own way. >> i hope she is right. everyone that you can think of is that the people who prevailed is that the people who are the most organized are the most ruthless. i want to ask you about the role of al qaeda in iraq and in jordon. could this spread to iraq? >> i think they have nothing to do with each other. it is wrong. they are two different cultures. they are a million years away from each other. let protesters are civil enough not to become violent. you saw the soldiers and the police men. they let them say what they wanted. and the us aid. and here the government has a major role because we
former deputy assistant defense secretary. rula let me begin with you. is this going to blow up into a civil war and blow up? >> no, i think it is against him grabbing power. it is a sign that he needs to back off and drop the decrees and make a constitution that is not acceptable by the egyptians. he is not governing in the name of the muslim brotherhood. he needs to listen to them. >> his recent actions suggest that the answer is no. and that is he going his own way. >> i...
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Dec 6, 2012
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a great defense company. on top of which you're getting one of the best ultra luxury good manufacturers in gulf stream at the same time. as you all have been talking about, we think at the last possible moment after republicans and democrats have exhausted every other alternative, they'll do the bare minimum and kick the can down the road on most of it. we don't think sequestration is likely to hit. we think general dynamics business is a good business, a lot of exposure to emerging markets outside the u.s. their tech service business is doing well, even the combat and marine divisions we think will be more resilient than people are giving them credit for. and they've got a blue chip balance sheet, strong balance sheet, strong cash generation, around 10% free cash flow yield and ten times earnings right now. so we like long-term fundamentals. again, we think that republicans and democrats will kick the can down the road. and, remember, the fiscal cliff is not really a cliff. even if we come to january 1st, it
a great defense company. on top of which you're getting one of the best ultra luxury good manufacturers in gulf stream at the same time. as you all have been talking about, we think at the last possible moment after republicans and democrats have exhausted every other alternative, they'll do the bare minimum and kick the can down the road on most of it. we don't think sequestration is likely to hit. we think general dynamics business is a good business, a lot of exposure to emerging markets...
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Dec 12, 2012
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. >> is this the time to send secretary defense. >> if we are recognizing the opposition there, some reports say that it is full of al qaeda as and iraq and al kid is in syria. it is good that the at min tration is finally doing something. we have beeen sitting on their hands. >> the u.s. is sending 20 more f-16. he is at war with reformers and there are rights there. we no no idea what this consti tooth constitution. why are we doing this? >> i'm as confused. i kint of say how is that working for you? nothing to do with syria, yemen ebipt and this is a mess and so is our policy. >> you are right. but we want to be careful by not ailnating the military. >> do we know, ebipt was a secularist. now, the question here is, is it going to become a sharia. is the brotherhood going to get this power. >> that is the biggest concern. we'll see how that goes on sunday. it would be a shame if egypt was less throw. >> why don't we hold this aid back until talks can lay out and send the state department thing over. the secularists and reformers on the straight don't want to do anything. the f-16s
. >> is this the time to send secretary defense. >> if we are recognizing the opposition there, some reports say that it is full of al qaeda as and iraq and al kid is in syria. it is good that the at min tration is finally doing something. we have beeen sitting on their hands. >> the u.s. is sending 20 more f-16. he is at war with reformers and there are rights there. we no no idea what this consti tooth constitution. why are we doing this? >> i'm as confused. i kint of...
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Dec 11, 2012
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and why doesn't the president offer spending cuts to medicare and defense and social security? how about weapons programs that don't fit in the terrorism world. how about foreign aid and maybe trying to be helpful, i'm sure some of today's rallies are based on the believe that say some of today's rally is better than tomorrow. but what, he is the fed chief. the levels of purchase have gotten insane. but bad for those who have been buying stocks. they are confident that they will keep rates low. it will run up into the fed statement and you might as well wait for the market to come in. we will be back on cliff watch. it is that i have a bunch of politicians to agree that there should be no vacation. or they are getting our critical message on this issue. maybe everybody i spoke to is ready to rise above these labels. time to avoid the cliff. that is a prescription for the wealth creation that is dependant upon washington's policy. here is my bottom line. and then we bounce back. when republicans can stick by the pledge. so we have to ask yourself can you handle the intrusion fro
and why doesn't the president offer spending cuts to medicare and defense and social security? how about weapons programs that don't fit in the terrorism world. how about foreign aid and maybe trying to be helpful, i'm sure some of today's rallies are based on the believe that say some of today's rally is better than tomorrow. but what, he is the fed chief. the levels of purchase have gotten insane. but bad for those who have been buying stocks. they are confident that they will keep rates low....
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Dec 13, 2012
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lots of areas where the market could run into glitches and i think it's a great time to play defense. >> can i correctly assume that the power gauge on apple is negative, in the near term, if you are mentioning that as one factor of being bearish in 2013? >> power gauge is neutral. it's bearish on a lot of other stocks. the stock is down significantly and that's no longer driving the positive market psychology. a big drain. >> let's talk about a particular sector, because it seems like the power gauges are telling you that luxury is a sell going into next year. >> luxury and high end retail. you've got an interesting unknown dichotomy. retail stocks tend to underperform between thanksgiving and christmas, courtesy of the spoke investment group. great study they did. number two, consumer sentiment, very negative. particularly at the high end where the uncertainty over the tax rates next year is greatest. and i think this is a great area to raise cash. >> on luxury, the big thing for me is china's not 25% of the global luxury goods market and the u.s. is 20%. china is growing as a luxur
lots of areas where the market could run into glitches and i think it's a great time to play defense. >> can i correctly assume that the power gauge on apple is negative, in the near term, if you are mentioning that as one factor of being bearish in 2013? >> power gauge is neutral. it's bearish on a lot of other stocks. the stock is down significantly and that's no longer driving the positive market psychology. a big drain. >> let's talk about a particular sector, because it...
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that's why secretary of defense panetta and the president of the united states warned assad publicly about using wmd or chemical weapons against his own people. but let's remember he has more or less given control over a lot of his wmd stock piles, of which it is a huge amount to potentially hezbollah or irani revolutionary guards who are forces for the desperate forces that fight for the survival of the regime. >> let's assume you're right and he's transferring these weapons and missiles. what can we do about these? >> on two things we can do. incinerate the stock piles from the air before they're tliefl loaded on scud missiles or it's going to take a significant ground invasion of about 50,000 troops from wherever they're going to come from, i don't know, to basically secure these stock piles because syria, larry, has the largest stockpile of chemical weapons in the entire middle east outside of iran. >> that statement, 50,000 troops to secure it. who and where is that going to come from? >> well, that's the question of what do as the president mean when he said that syria better n
that's why secretary of defense panetta and the president of the united states warned assad publicly about using wmd or chemical weapons against his own people. but let's remember he has more or less given control over a lot of his wmd stock piles, of which it is a huge amount to potentially hezbollah or irani revolutionary guards who are forces for the desperate forces that fight for the survival of the regime. >> let's assume you're right and he's transferring these weapons and...
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case, very bold statement there, to someone whose company will be decimated by the spending cuts to defense companies. you do not want to miss this confrontation. ricans are alwayso work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> pretty clear apple stock is having its worst week in more than two years. let's get to bertha coombs with the details. >> tough end of the week ear. it's apple's horrible, awful week. today's decline saw shares hit a real technical weak point, the so-called death cross. that's where the 50-day moving average, the top line in yellow, crossed below the orange line. that's the 200-day moving average. according to the spoke investment group, the last time that happened in september 2008, shares didn't bottom until januar
case, very bold statement there, to someone whose company will be decimated by the spending cuts to defense companies. you do not want to miss this confrontation. ricans are alwayso work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global...
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and to timmy's defense, he talked about it back in september when the stock was traiting at 685. >> yeah. let's get more on the billing move that we saw today in apple. bring in jean munstra of paper jaffrey. gene, it will be fair to say your price target is $900. >> that's correct. >> and you're sticking by it. >> yes. >> in terms of decline that we've seen, how concerned about the sentiment that it's turned to the point where we are looking at the charts on apple. we're taking a look at that pe graph that we threw up there. we saw the p on apple in a steady decline since 2009 which coincides with the iphone 3gs. at what point do we catch on with apple. apple has the cool factor, apple will have products in the pipeline, apple will deliver? >> there's a few things going on there. the pe side there's not much incompetent kremtal down side because of the cash they're generating. in terms of the technical side, i'm a fundamental analyst and did a lot of calls with analysts there. i feel like a got a master's on technical analysis based on an earful from technical investors. that's a big ea
and to timmy's defense, he talked about it back in september when the stock was traiting at 685. >> yeah. let's get more on the billing move that we saw today in apple. bring in jean munstra of paper jaffrey. gene, it will be fair to say your price target is $900. >> that's correct. >> and you're sticking by it. >> yes. >> in terms of decline that we've seen, how concerned about the sentiment that it's turned to the point where we are looking at the charts on...
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record high in the defense index. the philadelphia defense index, a lot of the components, ged, lockheed martin, names we have been talking about, as stocks to buy if there is a deal reached. brian, i think you are actually, that was one of your -- >> we talked about lockheed last night. certainly they are getting this boost because people are buying into the hope that there's going to be some kind of deal done. we had a big selloff since september. so, we have a lot of the fiscal cliff priced in, or at least the worst case scenario. so, now you get a little bit of short cover here. i wouldn't be plowing into these stocks right now, particularly after today's news. just seems -- i think there's better places to go and tim hit on it. look to europe, look to asia. that's where the growth is. there's better places than here in the u.s. >> we should note the mission critical coverage continues today on cnbc. larrdlow next on location with a special show from there at 7:00 p.m. eastern time. you see there his guests, jon k
record high in the defense index. the philadelphia defense index, a lot of the components, ged, lockheed martin, names we have been talking about, as stocks to buy if there is a deal reached. brian, i think you are actually, that was one of your -- >> we talked about lockheed last night. certainly they are getting this boost because people are buying into the hope that there's going to be some kind of deal done. we had a big selloff since september. so, we have a lot of the fiscal cliff...
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in fact, in my district i have a major base and defense contractors are there. they are already telling me they are laying off. >> how many cuts are you expecting? >> we don't know in total but we know there will be because they are telling us. >> i think you have to be willing to commit political harry kerry because you have to say no. >> our day in washington isn't done, just beginning. top of the next hour maria and i will be joined by senator johnny isakson. back to you guys. >> maria, brian, thank you very much. will a fiscal cliff deal be done in time? why don't you register your opinion. finance.cnbc. cast your vote. results will come up later on "power lunch." sue. >> we have a triple digit rally on the floor of the new york stock exchange with the dow jones industrial just off the highs of the trading session. we're up 109 points on the dow despite the gridlock in washington. nasdaq is up 41 points and s&p 500 is up 13 points. all three of those averages moving back above their 50-day moving average. first time we've seen that since october. trader from
in fact, in my district i have a major base and defense contractors are there. they are already telling me they are laying off. >> how many cuts are you expecting? >> we don't know in total but we know there will be because they are telling us. >> i think you have to be willing to commit political harry kerry because you have to say no. >> our day in washington isn't done, just beginning. top of the next hour maria and i will be joined by senator johnny isakson. back to...
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this one of these things, maybe the driving one, is defense of marriage act was about paying the estate act. where one of the two people said she didn't have to pay the estate tax because a married couple wouldn't have to. >> reporter: this is a case from new york. a woman named edie windsor who married her partner in canada. the partner died and left edie the estate. the federal government said we can't recognize you as married. the irs says you're not married as far as we're concerned she got hit with a tax bill of $363,000. >> we'll leave it there. many thanks. nbc's pete williams. now let's get right to our panel tonight. democratic strategic jimmy williams. wabz radio talk show host mark seimone and washington times opinion writer cari picket. we have a number of topics to chew on this evening. let's begin with the breaking news out of the scouupreme cour and a legal challenge major implications for federal and private benefit payments. cari, let me go to you first and get your first reaction to this. federal versus state. constitutional liberty and rights. the end of the doma act.
this one of these things, maybe the driving one, is defense of marriage act was about paying the estate act. where one of the two people said she didn't have to pay the estate tax because a married couple wouldn't have to. >> reporter: this is a case from new york. a woman named edie windsor who married her partner in canada. the partner died and left edie the estate. the federal government said we can't recognize you as married. the irs says you're not married as far as we're concerned...
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Dec 10, 2012
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>> i would go to the defense sector. i think the way it sets up, technically, it looks good here. if you do get a deal, lockheed martin is the way to go. >> i'm in that camp. i would go to boeing. look at them. it's had a tremendous year, the stock is around a 52-week high, sort of sideways, i think any certainty in terms of the economy going forward is going to be well for boeing. a lot of pent up demand for airplanes, basically just more efficient. boeing could really win. >> and are these binary trades, though? >> yes, i think in the short-term they are, but all three of the names we're going to mention, i'm mentioning general dynamics are long-term good. in the chance of general dynamics, you have a 10% forward free cash flow and it's trading at ten times forward earnings. a 50% market share in the large cabin private aircraft space and the best brand, that would be gulfstream. so, these stollings will do well with or without the cliff. i do think we get a resolution, these will do well quickly. >> pete? >> if we start to get ourselves into some sort of position, the housing r
>> i would go to the defense sector. i think the way it sets up, technically, it looks good here. if you do get a deal, lockheed martin is the way to go. >> i'm in that camp. i would go to boeing. look at them. it's had a tremendous year, the stock is around a 52-week high, sort of sideways, i think any certainty in terms of the economy going forward is going to be well for boeing. a lot of pent up demand for airplanes, basically just more efficient. boeing could really win....
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Dec 6, 2012
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paychecks are going to go down, a million layoffs in the defense industry. no one seems to care right now. it's bad. >> you know what we have going for us? the grid, december 17 announced -- on a seasonal basis, they have reiterated once again that it doesn't have the demand to be sold year round, but starting a week from monday. >> i don't buy that. i think they do it because whenever they have mcrib, they're just fighting traffic for mcrib. there are places in the world where the mcrib is on the menu all the time. in case you're there on your vacation. >> i'm learning here all the time. i'm always learning. >> switch from the bacon cheese-inator. [ bell rings ] . >> celebrating the ground breaking of hotels in new york. we'll be speaking to the ceo in this hour. >> whitehorse is an interesting story. >> white house, delayed over at the nasdaq, the new york stock exchange puts out a release reiterating 16 companies have announced or moved to the big board so for this year. you're starting to wonder who would go public on the nasdaq. >> still waiting for the
paychecks are going to go down, a million layoffs in the defense industry. no one seems to care right now. it's bad. >> you know what we have going for us? the grid, december 17 announced -- on a seasonal basis, they have reiterated once again that it doesn't have the demand to be sold year round, but starting a week from monday. >> i don't buy that. i think they do it because whenever they have mcrib, they're just fighting traffic for mcrib. there are places in the world where the...
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police arrested and booked the 24-year-old brent, a defensive lineman into the irving city jail on one count of intoxicating manslaughter. >> our officers on scene felt as if alcohol was a contributing factor in the accident, so mr. price brent was asked to perform some field sobriety tests. after he performed those tests along with our officers' observations and the conversations they had with him, he was placed under arrest for driving while intoxicated. >> reporter: the dallas cowboys learned of the death of one teammate and the arrest of another before they boarded a flight to cincinnati where they'll play the bengals on sunday. team owner jerry jones issue add statement that read, we are deeply saddened by the news of this accident and the passing of jerry brown. at this time our hearts and prayers and deepest sympathies are with the members of jerry's family and all of those who knew him and loved him. one week ago, the nfl was shaken by the death of kansas city linebacker jovan belcher who shot and killed his girlfriend and then traveled to the facility and killed himself in fro
police arrested and booked the 24-year-old brent, a defensive lineman into the irving city jail on one count of intoxicating manslaughter. >> our officers on scene felt as if alcohol was a contributing factor in the accident, so mr. price brent was asked to perform some field sobriety tests. after he performed those tests along with our officers' observations and the conversations they had with him, he was placed under arrest for driving while intoxicated. >> reporter: the dallas...
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syrian air defenses could bring down u.s. pilots if fighter jets are used. the regime could move its chemical weapons even minutes before an attack. and if the weapons start moving around, that poses another dire consideration. officials worry that terrorists could then move in and try to seize control of this deadly arsenal. barbara starr, cnn, the pentagon. >> thanks. >>> earlier i spoke with a reporter from amsterdam, and he talked about how marijuana affected that city. next, we're going to have a seattle city leader listen to what he said to us. and is his city ready for pot being legal? that's next. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> marijuana has gone legit. as of thursday recreational use is legal in washington state, and that
syrian air defenses could bring down u.s. pilots if fighter jets are used. the regime could move its chemical weapons even minutes before an attack. and if the weapons start moving around, that poses another dire consideration. officials worry that terrorists could then move in and try to seize control of this deadly arsenal. barbara starr, cnn, the pentagon. >> thanks. >>> earlier i spoke with a reporter from amsterdam, and he talked about how marijuana affected that city. next,...
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defense secretary pan etta just left here. he talked to reporters. we asked about syria, and secretary panetta for the first time speaking since the president's warning to syria. secretary panetta says in his words the latest intelligence that he has seen now raises serious concerns, he says, that bashir al assad in syria is considering using chemical weapons, so what is new from the secretary of defense is the first reference to the latest intelligence, highly classified, of course, that the administration is looking at that has led to some of these warnings from president obama and secretary of state hillary clinton. the question, of course, is what is the administration to do now? suzanne. >> how are people reacting to this news, the fact that you've got the defense secretary now what it seems to be getting closer to some of the statements we have seen about real concern over the possibility of these chemical weapons? >> yeah. i think that's exactly the point. secretary panetta going on to say, as others have, but saying it very emphatically just
defense secretary pan etta just left here. he talked to reporters. we asked about syria, and secretary panetta for the first time speaking since the president's warning to syria. secretary panetta says in his words the latest intelligence that he has seen now raises serious concerns, he says, that bashir al assad in syria is considering using chemical weapons, so what is new from the secretary of defense is the first reference to the latest intelligence, highly classified, of course, that the...
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defense has to be on the table. everything has to be on table. you have to begin this any dpoesh yags by agrees there are knoll going to be any preconditions. even's going to be on the table. you have to also agree nothing will be decided until everything is decided. you also have to agree everything will be done in confidence and bhoofrd behind closed doors. it's extraordinarily difficult when you try to do it. it looks like the campaign is continuing. that's where we are today. we did social security totally plievt behind closed doors. >> so you think the way they're doing it is just wrong. >> i don't think they'll ever get this this way. they're jousting each other. each side is repeating its campaign talking points. you need to have a serious confidenti confidential, substantial negotiation by top levels of both parties. >> you are a political animal. looking at this, this situation, what is your gut? who's going to win? >> i don't know. who we ought to be talking about is not who's going to win but how can the country win? look. in the short
defense has to be on the table. everything has to be on table. you have to begin this any dpoesh yags by agrees there are knoll going to be any preconditions. even's going to be on the table. you have to also agree nothing will be decided until everything is decided. you also have to agree everything will be done in confidence and bhoofrd behind closed doors. it's extraordinarily difficult when you try to do it. it looks like the campaign is continuing. that's where we are today. we did social...
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defense secretary leon panetta issued a warning to syria today saying the united states will not stand by and watch the country cross a quote unquote red line. >> whole world is watching very closely. and the president of the united states has made very clear that there will be consequences. there will be consequences. if the assad regime makes a terrible mistake by using these chemical weapons. >> syria denies it is mobilizing chemical weapons in a civil war in which 40,000 people have lost theirs in 21 months. instead, they say they're trying to create fear and set for an attack. hillary clinton met with russia's foreign minister twice today in dublin. these are important meetings because russia is a syrian alley. but is it too late? national security contributor, fran townsend, is a member of the cia. cedrick layton member of the joipt staff. what are those consequences? is the u.s. going to passing the point of no return here? >> well, it is, look, the most recent information suggests they're preparing to be able to launch these warheads containing gas and other chemical weapons. t
defense secretary leon panetta issued a warning to syria today saying the united states will not stand by and watch the country cross a quote unquote red line. >> whole world is watching very closely. and the president of the united states has made very clear that there will be consequences. there will be consequences. if the assad regime makes a terrible mistake by using these chemical weapons. >> syria denies it is mobilizing chemical weapons in a civil war in which 40,000 people...
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an absolute defense to defamation is the truth. and so therefore if her statements were true, she's protected. i think the underlying goal of this company is to chill this in the future. meaning, if other people want to write things about them, true or not, they're going to say wasn't that woman sued for all of this money? i'm not going to express my opinion. and that i think is the ultimate goal. but defamation cases very, very tough to prove. >> but can businesses, they really can't protect themselves from whatever somebody chooses to do online. >> do good work. >> right. but not everyone does good work. >> right. ultimately businesses can protect themselves. but here's the problem, the problem is that, look, everyone has an opinion. and if you do something that's not up to par, doesn't meet quality, it's shot ty, people ae going to write nasty things about you. you have to hold people accountable if they misrepresent factually those things. and if in this
an absolute defense to defamation is the truth. and so therefore if her statements were true, she's protected. i think the underlying goal of this company is to chill this in the future. meaning, if other people want to write things about them, true or not, they're going to say wasn't that woman sued for all of this money? i'm not going to express my opinion. and that i think is the ultimate goal. but defamation cases very, very tough to prove. >> but can businesses, they really can't...
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defense secretary leon panetta responding today. after john mack cahfee is in cu, he was rushed to the hospital. and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. [ female announcer ] live the regular life. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people look
defense secretary leon panetta responding today. after john mack cahfee is in cu, he was rushed to the hospital. and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day...
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business owners, latino small business owners, to have access and relationships to the department of defense, federal agencies, to understanding the contracting process. you know, sure, i think there are things you can do to say, hey, these have my values, these are my principles. how do i help you accomplish what you want to accomplish in life? but it all starts with establishing a relationship and there's not a lot of diversity over the republican national committee, which is the institution i think that should be driving these type of initiatives and these type of efforts. >> all right, well, j.c., good to see you. we appreciate your time. thank you. "out front," the cnn is huddling on what a chemical attack by bashar al assad would actually look like. we have a picture from former cia operative bob baer here to show you. this is showing you what the single impact of saren gas would be if it were launched on the western city of homs in syria. a large swath of the city would be impacted by a single shell. it's estimated 18,000 people would be killed in a day. let's get straight to cnn pent
business owners, latino small business owners, to have access and relationships to the department of defense, federal agencies, to understanding the contracting process. you know, sure, i think there are things you can do to say, hey, these have my values, these are my principles. how do i help you accomplish what you want to accomplish in life? but it all starts with establishing a relationship and there's not a lot of diversity over the republican national committee, which is the institution...
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can you get past syrian air defenses? are you sure that there are no civilians around? all of these very complicated questions. and you can bet nobody is looking for military action on this. all the efforts right now are to -- possibly through the russians are interest to try to get assad to pull back and not go down this road. >> such ominous signs for us, barbara. appreciate the update. >> sure. >> we'll be talking with ambassador nic burns about this a little later. first, let's get to zoraida sambolin with a look at the morning's news. >>> this is cairo outside the palace where protesters are starting to gather. tanks and armored vehicles are stationed there. clashes turned deadly yesterday into the afternoon after they unveiled their constitution, highest islamic authority is calling on president morsi to rescind his decree that granted himself sweep iing powers. >>> and second-degree murder, that is a charge against naeem davis, who reportedly push ed k suk han on to the tracks of a subway in new york. >> our family is grieving. we want to thank everyone who reach
can you get past syrian air defenses? are you sure that there are no civilians around? all of these very complicated questions. and you can bet nobody is looking for military action on this. all the efforts right now are to -- possibly through the russians are interest to try to get assad to pull back and not go down this road. >> such ominous signs for us, barbara. appreciate the update. >> sure. >> we'll be talking with ambassador nic burns about this a little later. first,...
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and half in non-defense, defense programs cut by 9.4% across the board and non-defense programs 8.2%. agencies are being told to identify the cuts. how will you feel them? fewer food inspections are likely. cdc budget cuts could make it harder to track food borne illness and cuts to the cancer institute, national science foundation and national cancer institute means 2,500 fewer research grants. worried about clean air and water, budget cuts will degrade the ability to protect the water we drink and the air we breathe. next, your safety. we could see fewer air traffic controllers, federal air marshalls, fbi agents, bothered security patrols. all those budgets would be cut. disaster relief funding also on the chopping block. the white house says that will undermine federal emergency management agency's ability to respond to terrorism and other catastrophes. and education could be cut by more than $4 billion. 100,000 children could lose their place in headstart. the white house says more than 25,000 teachers and aides could lose their jobs. the national education association, it puts t
and half in non-defense, defense programs cut by 9.4% across the board and non-defense programs 8.2%. agencies are being told to identify the cuts. how will you feel them? fewer food inspections are likely. cdc budget cuts could make it harder to track food borne illness and cuts to the cancer institute, national science foundation and national cancer institute means 2,500 fewer research grants. worried about clean air and water, budget cuts will degrade the ability to protect the water we...
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well, this defense of marriage act is exactly what the defense of marriage act does. it denies same-sex marriage couples the rights for tax benefits, federal health benefits and the like. so if you're married to a man, you dent get the same right ifs you're a woman married to a man. that is gender discrimination, in my view, not sexual preference. >> and you've argued in front of the supreme court. >> i have. >> you said in 1990? >> 1990. >> nerve-racking? >> very nerve-racking. these issues are very important. the justices are very prepared. they're very intelligent. and there's a lot at stake. so this is going to be a very interesting argument. now we can actually listen to them online. >> having argued in front of the supreme court, how do you think they're going to rule? >> well, i think we have a fairly conservative court. but it's kind of divided 50/50. it's going to be a very close call. however, looking at the case precedent in the past and looking at what i think they have to do with this law, i think they're going to have to strike down the defense of marria
well, this defense of marriage act is exactly what the defense of marriage act does. it denies same-sex marriage couples the rights for tax benefits, federal health benefits and the like. so if you're married to a man, you dent get the same right ifs you're a woman married to a man. that is gender discrimination, in my view, not sexual preference. >> and you've argued in front of the supreme court. >> i have. >> you said in 1990? >> 1990. >> nerve-racking? >>...
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her defense attorney wouldn't comment. sabata wrote, i told my mom today was the best day of my life. she just thinks i met a new boy. and instead she met these boys. >> they didn't read me my miranda rights. >> reporter: what led to her arrest wasn't the youtube video, but tips from people like her ex-husband who recognized her in the bank photo. and the video, sabata brandishes a pipe she said is full of weed and complains that
her defense attorney wouldn't comment. sabata wrote, i told my mom today was the best day of my life. she just thinks i met a new boy. and instead she met these boys. >> they didn't read me my miranda rights. >> reporter: what led to her arrest wasn't the youtube video, but tips from people like her ex-husband who recognized her in the bank photo. and the video, sabata brandishes a pipe she said is full of weed and complains that
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it's not only defense, but as i see so eloquently stated, it is to defend ourselves ultimately against a tyrannical government if that happens. the difference between liberty and tyranny is if you have a government that is afraid of its people, you have liberty, if you have a people afraid of their government, it's tyranny. >> do you believe that, that you're going to rise up against a tyrannical presidency in your country? >> i would be the first one out there leading the country. we have three boxes in the country, the ballot box, the soap box, and then the bullet box if it's necessary. the government needs to be afraid of its people. then it will serve the people of this great republic. >> james, what is your view of that? >> well, i guess i approach this on two levels. on the merits of what the second amendment is and is not for, i would have a different view of its historical purpose. the framing of the second amendment talks about a well regulated militia. we would disagree there. as a matter of political reality, however, i have come to believe after living around a lot of the w
it's not only defense, but as i see so eloquently stated, it is to defend ourselves ultimately against a tyrannical government if that happens. the difference between liberty and tyranny is if you have a government that is afraid of its people, you have liberty, if you have a people afraid of their government, it's tyranny. >> do you believe that, that you're going to rise up against a tyrannical presidency in your country? >> i would be the first one out there leading the country....
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and the defense department acknowledged the missile launch, the statement goes on to say north american aerospace command officials tracked the launch at 7:49 p.m. eastern time. initial indications are the first stage fell to the yellow sea. the second stage was assessed to fall in to the philippines sea. initial indications are that the missile deployed an object that appeared to achieve orbit. again, appeared to achieve orbit. at no time was the missile or the debris 'threat to north america. i want to go to my colleague barbara starr, our pentagon correspondent who is live on the phone. clearly this has to set off the alarm bells within the pentagon staff. >> reporter: oh, i think there is no way around it. this is huge news. that one little sentence you just read, initial indications are the missile deployed an object that appeared to achieve orbit, the north koreans had been trying for years to put a satellite in to space by all indications what they have achieved now with this orbit is doing something very close to that, if not that itself. an object that appeared to achieve orbit
and the defense department acknowledged the missile launch, the statement goes on to say north american aerospace command officials tracked the launch at 7:49 p.m. eastern time. initial indications are the first stage fell to the yellow sea. the second stage was assessed to fall in to the philippines sea. initial indications are that the missile deployed an object that appeared to achieve orbit. again, appeared to achieve orbit. at no time was the missile or the debris 'threat to north america....
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one was the home school legal defense association. the hslda, the powerful lobby group around the country whose leader you're about to meet. they have some very strong things to say about the treaty, but the notion was basically this, if it were to pass, they said, the u.n. treaty would somehow let the u.n. mandate how parents of disabled kids in america cared for their children. americans among the center is echoing that center is mike lee of utah. keeping them hahnsh, though, when i asked him to specify how this u.n. influence might manifest itself, here's the answer he gave. >> can you name any other u.n. treaty that has forced changes in u.s. law? >> i didn't come prepared to cite supreme court precedence on this point but it's a well -- >> what you're saying is hypothetical. you're using a bunch of hypot t hypotheticals saying this is going to force abortion rights for people overseas. i mean, some groups are saying children with glasses are going be taken from their parents. you're using all these very scary hypotheticals. you c
one was the home school legal defense association. the hslda, the powerful lobby group around the country whose leader you're about to meet. they have some very strong things to say about the treaty, but the notion was basically this, if it were to pass, they said, the u.n. treaty would somehow let the u.n. mandate how parents of disabled kids in america cared for their children. americans among the center is echoing that center is mike lee of utah. keeping them hahnsh, though, when i asked him...
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zimmerman has claimed he acted in self-defense. the motions will be heard during a hearing set for tuesday. >>> an independent review of the deadly september 11th attack in libya is set to be released. in a letter to colleagues on the senate foreign relations committee today, senator john kerry indicated the report will be done soon. the letter also says secretary of state hillary clinton will testify before the committee before the end of the year about the report's findings. however, we're told a date has not yet been set for that. during the assault, four americans, including ambassador christopher stevens, died when a group of terrorists attacked the u.s. mission in libya. >>> it has been 491 days since the u.s. lost its top credit rating. what are we doing get it back? president obama asked congress for $60 billion for states affected by superstorm sandy. the request comes at a time when lawmakers are arguing how every dollar is spent. >>> our fourth story "outfront," an historic announcement. the supreme court decided today i
zimmerman has claimed he acted in self-defense. the motions will be heard during a hearing set for tuesday. >>> an independent review of the deadly september 11th attack in libya is set to be released. in a letter to colleagues on the senate foreign relations committee today, senator john kerry indicated the report will be done soon. the letter also says secretary of state hillary clinton will testify before the committee before the end of the year about the report's findings. however,...
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praktality and the biggest driver of the debt is not the regular spending of our government, things like defense, homeland security, education, it's so-called entitlements. you've got to kurt althe increase in spending on things like medicare that's putting us in the hole. >> what you don't want to do you don't want the make it punitive for people to make charitable donations. to me that's another lose argument for the republican. you got to be very careful where you encourage the cutting of entitlements. >> yeah. one thing i don't think i should ask a democrat to do is turn medicare into a voucher program. you know, the paul ryan budget had a premium support system, which i think makes sense, but a lot of people on the left are not going to go there, but i think we could adjust the age of eligibility for medicare from 65 to 67 over the next 30 years. cue ask all three of us to pay the full cost of part b premiums. >> prescription drugs. >> the prescription drug benefit. make us pay the full costs. we can afford it. but here's what i would say, how this movie ends -- and that's your question. >>
praktality and the biggest driver of the debt is not the regular spending of our government, things like defense, homeland security, education, it's so-called entitlements. you've got to kurt althe increase in spending on things like medicare that's putting us in the hole. >> what you don't want to do you don't want the make it punitive for people to make charitable donations. to me that's another lose argument for the republican. you got to be very careful where you encourage the cutting...
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they will take the defense of marriage act case. they will decide that case, but when it comes to whether states have to do same-sex marriage, have to allow it, they will let the political process run its course. you know, we're seeing polls now, a recent gallop poll show 53%, highest ever, supports same-sex marriage. in the election last month four states voted in favor of same-sex marriage. 33 states in a row previously had voted against it, so the momentum is certainly with supporters of same-sex marriage, but where the court -- how the court responds to public opinion is a complicated and not always entirely predictable subject. >> when are we going to find out how the courts will get involved? >> they don't announce when they are issuing orders in an afternoon. it could be 2:00 eastern. it could be 3:00 eastern. that is generally the range in which we should fine out, so it could be 15 minutes away. it could be an hour or so. or they could put it off for another week. they don't have to announce it in advance when they're going
they will take the defense of marriage act case. they will decide that case, but when it comes to whether states have to do same-sex marriage, have to allow it, they will let the political process run its course. you know, we're seeing polls now, a recent gallop poll show 53%, highest ever, supports same-sex marriage. in the election last month four states voted in favor of same-sex marriage. 33 states in a row previously had voted against it, so the momentum is certainly with supporters of...
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defense official tells cnn that whatever device iran has, it is not an actively operating navy drone. officials say the navy has fully accounted for all of its unmanned vehicles. there are reports the drone was carrying out spy operations. >>> internet security tycoon john mcafee says he's in guatemala but police believe he's in belize. he's wanted for the shooting death of his neighbor. he says the government is trying to pin the murder on him. mcafee hired a new lawyer. he says he chose guatemala, i'll quote him, the closest place to protect his life from persecution. >>> and george h.w. bush is still in the hospital tonight for treatment of a lingering cough and bronchitis. he was supposed to be released over the weekend, but a spokesman from methodist hospital in houston tells "outfront" that doctors are being extra cautious with his care, and are in hurry to send him home. also told us the former president had a good day yesterday and that his conditioning condition is improving. >>> and this just in a moment ago. mali government officials have agreed to end hostilities. this is
defense official tells cnn that whatever device iran has, it is not an actively operating navy drone. officials say the navy has fully accounted for all of its unmanned vehicles. there are reports the drone was carrying out spy operations. >>> internet security tycoon john mcafee says he's in guatemala but police believe he's in belize. he's wanted for the shooting death of his neighbor. he says the government is trying to pin the murder on him. mcafee hired a new lawyer. he says he...
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and, joe, we're talking about the defense of marriage act here. in the end, assuming that the supreme court rules in, you know, on this particular issue, could it be that marriage is no longer defined as between a man and a woman, arguably? >> well, that's certainly the question here, you know. and now we know the case that at least potentially could decide that and i don't know how much jeff talked about it, but i just wanted to talk more about this windsor case. it is called windsor against the united states. it is about a woman named edith windsor and her partner who is named tea spire. these are two women with long 40-year relationship. they were married in toronto, canada, in 2007 and spire died in 2009 in new york at a time when new york recognized same sex marriages that had been performed out of the state. so spire dies. and then edie windsor, the woman whose name is on the case, was required to pay $363,000 in federal estate taxes on the inheritance. and this is money that she would not have had to pay if federal law had given their relat
and, joe, we're talking about the defense of marriage act here. in the end, assuming that the supreme court rules in, you know, on this particular issue, could it be that marriage is no longer defined as between a man and a woman, arguably? >> well, that's certainly the question here, you know. and now we know the case that at least potentially could decide that and i don't know how much jeff talked about it, but i just wanted to talk more about this windsor case. it is called windsor...
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that's one of the key issues in the defensive marriage act case. they will certainly be allowed to remain married no matter what happens. the proposition eight case raises the possibility that same sex couples in other states, as well as those nine, will be able to get married. that would be the broadest possible decision. that's not clear how the court will come out. >> we expect them to make a decision by june next year. thank you jeff toobin, let's go to egypt right now, demonstrators broke through barriers to get into his palace in cairo. the anger is only intensifying after he vowed to punish those responsible for the violence. reza sayah has more. >> we're here in tahrir square, hostly peaceful with the exception of some violence including an attack on the president's house. the big story tonight is the potential of compromise. tonight, the president released a statement that could be, could be viewed by the opposition as a concession. in his statement, he says he's willing to post opponent the nationwide referendum, but he want as guarantee,
that's one of the key issues in the defensive marriage act case. they will certainly be allowed to remain married no matter what happens. the proposition eight case raises the possibility that same sex couples in other states, as well as those nine, will be able to get married. that would be the broadest possible decision. that's not clear how the court will come out. >> we expect them to make a decision by june next year. thank you jeff toobin, let's go to egypt right now, demonstrators...
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doesn't have a missile defense system that could really deal with this, the defense secretary says is he extremely confident in his words "i'm very confident they would be able to block any sort of a missile coming from north korea directed at the west coast of the united states" and additionally, soledad, i thought this was fascinating i asked him how we thought this had been failing recently and how they suddenly fixed this and were able to be successful so quickly. he said i'm not sure it was a success. when you talk about that satellite, he said at this point the united states has not been able to determine if the final stage of the launch was successful or whether that could have tumbled into space so i think that's important, too, as we heard this was a "success" that at least from the department of defense according to radar they're not able to ascertain if that is the case. >> the country is announcing it just two hours after the launch it was a huge success, that they were successful because they had not mentioned it ahead of time, like they did eight months ago, the failed l
doesn't have a missile defense system that could really deal with this, the defense secretary says is he extremely confident in his words "i'm very confident they would be able to block any sort of a missile coming from north korea directed at the west coast of the united states" and additionally, soledad, i thought this was fascinating i asked him how we thought this had been failing recently and how they suddenly fixed this and were able to be successful so quickly. he said i'm not...
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back in the '60s the defense department said if you can deliver a silicon that will do "x" we'll buy it, we don't care whether you're ibm or a bunch of engineers down in houston, texas, working for texas instruments. today the government would say you give us a battery with this kind of energy density or solar cell with this degree of efficiency, and we'll buy it, whether it comes from general electric or three guys in the garage and we'll pull you down the learning curve. we'll pull you down. >> obviously -- >> the united states is still the creator innovations, all of the innovations have come from here the last 20 years? >> i think the united states remains a continuing leader at the frontier of innovation, but there are others that are catching up. >> the book is called "doing capitalism in the innovation economy." bill, nice to have you. we'd love to have you back. anybody who likes to throw it down with our friend will cain. >> i look forward to it. >> it's done and done. you heard him say yes. we have to take a break. still ahead this morning, we'll be talking about north kore
back in the '60s the defense department said if you can deliver a silicon that will do "x" we'll buy it, we don't care whether you're ibm or a bunch of engineers down in houston, texas, working for texas instruments. today the government would say you give us a battery with this kind of energy density or solar cell with this degree of efficiency, and we'll buy it, whether it comes from general electric or three guys in the garage and we'll pull you down the learning curve. we'll pull...